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Today's Terms
Forbearance and Repayment
Definition:
The most common way of resolving a loan default is to work out a plan which will let you repay part of the delinquency each month, along with you regular monthly installment.
Chapter Thirty Three
Definition:
An unofficial term describing a company that has filed for Chapter 11 three times.
Debtor
Definition:
The entity seeking protection from creditors under the bankruptcy laws.
More Bankruptcy Terms >
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